PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.023%

Price spread now: SoDEX against Aevo+0.220%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SoDEX is 0.220% dearer against Aevo than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.6006	0.0192	pay 0.0024% / 1h	53m 12s	$374	—	3x
Short	SoDEX PONS-USD	0.6019	0.0100	get 0.0013% / 1h	53m 12s	$26K	$518K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee SoDEXbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$19.32
Price spread: +0.220% → 0.000%: $22.01
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.31
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SoDEX: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 10 min ago	2.14 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6005	−0.024%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.607%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6007	+0.017%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6029	+0.375%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5990	−0.259%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6009	+0.045%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6007	+0.010%	—	$1.3M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.6019	+0.220%	$26K	$518K	3x
HTX PONS-USDT	+0.0100%	4h	0.6030	+0.395%	$64K	$507K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6021	+0.250%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0104%	1h	0.6009	+0.049%	$421K	$2.5M	3x	as long as short
Lighter PONS	+0.0120%	1h	0.6009	+0.049%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERPlong	+0.0192%	1h	0.6006	long leg	$374	—	3x
OKX PONS-USDT-SWAP	+0.0272%	4h	0.6025	+0.317%	$13.8M	$54.3M	20x	as long as short
Nado PONS-PERP	+0.0314%	1h	0.6006	−0.002%	$70K	$130K	5x	as long as short
KuCoin PONSUSDTM	+0.0338%	4h	0.6018	+0.200%	$1.7M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0378%	4h	0.6036	+0.492%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0408%	4h	0.6000	−0.103%	$1.1M	$2.0M	20x	as long as short
Binance PONSUSDT	+0.0453%	4h	0.6019	+0.223%	$39.4M	$93.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.6011	+0.077%	$248K	$670K	5x	as long as short
MEXC PONS_USDT	+0.0458%	4h	0.6023	+0.283%	$7.7M	$4.6M	20x	as long as short
edgeX PONSUSDC	+0.0460%	4h	0.6002	−0.068%	$21K	$290K	10x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.6035	+0.483%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0519%	4h	0.6026	+0.333%	$18.0M	$30.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0704%	1h	0.6006	+0.007%	$48K	$1.5M	3x	as long as short
Hyperliquid PONS	+0.0704%	1h	0.6011	+0.077%	$61.2M	$27.7M	3x	as long as short
Gate PONS_USDT	+0.0742%	4h	0.6000	−0.100%	$5.2M	$6.1M	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5998	−0.138%	$47K	$72K	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6001	−0.076%	$31K	$98K	3x	as long as short